Meet Debashish Majumder who built Rs 18 crore fast-food biz from Rs 3.5 lac
Debashish Majumder launched Momomia's first store in Guwahati in 2018 with a Rs 3.5 lakh investment. The fast-food business now clocks a turnover of Rs. 18 crore. When Debashish Majumder was a child, his grandpa advised him, "Do something to establish a reputation for yourself." As the only child of his parents, with his father working as the family's main earner at a garment store, these sentences made an indelible imprint on his young mind. Debashish dared to dream big and chose to become an entrepreneur at the age of 30, despite having lost almost Rs 8 lakh in an ice-cream store he had launched as a side company while working at Axis Bank. Despite the loss, he resigned his job and opened Momomia, a momos business, in 2018 from a 110-square-foot shop on Guwahati's GS Road, with three staff. Though the first three years were difficult and commerce was slow, he aggressively expanded up in the post-pandemic period, opening 55 outlets in only 12 month...